Brief: Tobii Divests Smartbox

Tobii AB

06/10/2020 07:03

Oct 6 (Reuters) - Tobii AB  TOBII.ST :
    * TOBII DIVESTS SMARTBOX
    * SAYS MAXIMUM PURCHASE PRICE AMOUNTS TO GBP 13.4 MILLION,
OF
WHICH GBP 3.55 MILLION CONSISTS OF AN EARNOUT AND GBP 2.8
MILLION CONSISTS OF A NET CASH AND NET WORKING CAPITAL
ADJUSTMENT
    * SAYS EXPECTED PURCHASE CONSIDERATION CORRESPONDS TO WHAT
TOBII
PAID FOR SMARTBOX IN 2018 AND IS NOT EXPECTED TO HAVE ANY
NOTEWORTHY IMPACT ON TOBII'S EARNINGS
    * MAXIMUM PURCHASE PRICE AMOUNTS TO GBP 13.4 MILLION, OF
WHICH GBP
3.55 MILLION CONSISTS OF AN EARNOUT AND GBP 2.8 MILLION CONSISTS
OF A NET CASH AND NET WORKING CAPITAL ADJUSTMENT
    * EXPECTED PURCHASE CONSIDERATION CORRESPONDS TO WHAT TOBII
PAID
FOR SMARTBOX IN 2018 AND IS NOT EXPECTED TO HAVE ANY NOTEWORTHY
IMPACT ON TOBII'S EARNINGS.

Source text for Eikon:  ID:nWkr4s1pDQ 
Further company coverage:  TOBII.ST 

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